HomeMy WebLinkAbout0928 ' ~ . M O T G A G E J 2~~~7i~o
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-w± m~;rt~a.~,r. in eon~ideration of the principal sum specified in the pn;missor~~ note hereafter descril?ed, re-
~:v~.f trum 4L"TDOOR RESORTS OF A3iERICt1. INC., a corpo~~ion organized and existing under the Lavrs
= ~te ~~f Tennessee. the ~iortgagor, hereby on thi._ :~'f -_da~ of ~ ' ~ . 19~
c*_~,z.ire~ t«> the Slortgagee the real p perty in St. Lucie Count~ , Florida, described as:
Lot ~o~ n that certain condominium kno«-n ~c OL'TDOOR ~-~;•r
' RESORTS F 1~iERIC a AT \ ETTLES ISLA:~`D, as shown br plat ;~c
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~ recorded in the Office of the Circuit ('ourt in and for St. Lu~~ie County. ~;3~c;,~
Ft~rida, in Plat Bouk 16, page 1:1A through ld.
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THIS IS a Pl,'RCHASE ~i0\E1 :1lORT(:A ,
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)p C~ ^ t rS! - j. F,~pe.
~;~urit~br the p:i~ ment of the prvmisson note of Which the folioA ing is a coP3 : ~ r,? )j ic rF,: L~ , y~-
C(~~ R,~G -13~ qC~ ..t is,
~ tnstaliment Note and Disclosure Stotemerf~fj ~~~T~+tS s a~~,
2~~. St . Luc ie CountysT ~o~a-
~ ~i.~ 1 ~ ~ 19.~~ -
FE~r ~"aI=ie R~eceired, I, ~se or either of us promise to pay to the order of OVfDOOR RESORTS OF
s3~t~F.IE ~ LtiC_, P_ O. Soi 1116, Jensen Beach, Flor ida, 33457. or any other place as ~~e~~~~er hereof may
E _~~:~T*~_e :n a~ritir.g, the sum of NinP thnusand_ tseto huII~~d__Pi ghty-9II~-~ 14., 2g1- 28 ~ Dollars. -
~ --~j =~:m ~ir_g the Total of Pay-ments referred to in the Di~closure Statement beloa. vrhich includes a FI\A\CE
~ :f3R~~ ~a the amouat financed, pay able in _~6-- equal consec monthly ins ments of
~ > $ _each. and the fir:~t installment to become pa~•able on the ~ day of ~ ,
.
~ _ 3_ f~ aad oae ~uch instaIlment to become due and pa3 able on the- `S~ day of each succeeding month
tae ~h~te uf ~aid indebLednes~ ITotal of Pay-ments) is paid_ In the e?ent of prepaS-ment in full by cash
~ ~-.;fe the ,^:r.~ instaliment ciate, the unearned portion of the FI\ANCE CHARGE shall be rebated under
- ~ ~ P.~ie uf ~ t3's_ .
In the eceat of default in the due and punctual pa~-ment of any installment on this :`ote for a period of
~ _~:.rtg E~r~} ~F~. or if an~ statement, representation or warrant~ in an~ application for the credit e~idenced
.~fii~ Wte is found to be untrue in any material respect, or in Lhe event THE iTNDERSIGNED, ~YITHOLT
`~'r~E P~tIOR R"RITTC.ti COticE\~I' OF THE HOLDER HEREOF, SHALL SELL. EhCUMBER (E:~CEPT
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e~ 3~ORTG aGE ~"HICH 13 SECli RITY FOR THIS \'OTE) OR OTHER~VISE DISPOSE OF OB Eti-
~~.7iBER OR CQJ~fIT A:~'Y RREACH OF THE 1iORTGAGE O~ ~ERMIT Oft SUFFER AN~ LIE~ 'PO
~~"F Qr TFIE RE~L PROPERTY PL;RCHASED BY THE L'tiDERSIG~ED A1D FII~'A.'~CED THBOUGH
~{E CREDIT E~ZD~tiCED BY THIS \OTE or in the e~-ent of the incompetency, insalvenc} (hov~soe~er
"~-e~t or b~nkruptcy of an~one or more of the undersigned, then the entire remaining indebtedne.,s then
~:x ~b~il beccaae uamediatelg due and pa~able at the option of the holder hereof without demand, pre~entraent
~ -r gaLiee o€ ang kind_ AnF :aiture of holder to exercise said option shall not constitute a vesirer of the right
~ ~~rc•:~ the same at any other time.
~ Trme is of the e~ence of tt:is \ote. In the e~~ent an}- in~taiiment is not paid v~hen due or vFithin ten
tFt~~fter. the hoider ma~ collect, and the undersigned agrees to pay a late charge on such insiallment in
~~,o~t equai to 5: of such installment or $5, whiche~er i. le•s, and in the e~ent this Nate is collected by
:.~z ~3r thnlugh an attornep at lav~ or under ad~ice thereof, the undersigned agrees to pay all costs of collection.
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~ _ci~a~r rea_~aab(e attorney's fees and court costs to the extent permitted b~ Florida law.
~
~ ~he uadersigned and all endorsers or other parties to this note jointl~ and severally transfer, com-es and
~ ~~iira to Lh~e K~~Ider a sufficient amnunt of such homestead or eYemption as mas be a1lov~ed, including such
~ ^.-~~Lea~ or eaemption as may be set apart in hankruptcr, to pa3 thi~ note in full, xith all costs of c~llection.
~ aa~ ~a fiere~g direct any trustee in bankruptcy hacing posse~:ion of such homestead or exemption .o deli~•er to
~e ~atder a sui~cient amount of pmperty or money set apart as exempt to pay the indebtedne~~ eti;denced
~ereag_ ~~r an~ renev~al thereof, and do hereby, jointiy and se~-eralh, appoint the Holder the attorney in fact for
~ ~ac~ +~f them. to cIaim ai.~ and aIl homestead esemptions allo~reci L~ lav~•_
~ ~`.rst m~rtgage for the sesurity of the aforesaid indet,tecine» is retained by OLt'TDOOR RESORTS OF
s~: ~3~FEF.EC ItiC., oa I.ot tio. -S ~ '.in that certain Condominium knovvn as OL'TDOOR RESORTS AT `ETfLES
4~ ar.~ on anp impro~ements. fixtures or after acquired pruperty added thereon. as shov?n b~ Flat re-
~~sc~~ ia the C3t~ice af jhe Cireuit Court in and for St_ Lucie (`~un ~ ~co da. in Plat Book 16. page 1:1A
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